HELSINKI, March 30 (Reuters) - IQM Quantum Computers has
secured 50 million euros ($57.64 million) in venture financing
from funds and accounts managed by BlackRock ( BLK ) to accelerate its
global growth, the Finnish company told Reuters, ahead of its
planned dual listing on the U.S. and Helsinki stock markets.
IQM said in February it was aiming to list its shares later this
year on the U.S. stock market through a merger with Real Asset
Acquisition Corp ( RAAQ ), a special purpose acquisition
company, with an initial equity valuation of around $1.8
billion.
In a separate social media post on Thursday, BlackRock ( BLK ) said
quantum computing represented "the next era of computing".
The additional funding, which is being announced on Monday, will
help the Finnish company scale operations, accelerate its chip
and technology development, and strengthen its market position,
IQM CEO Jan Goetz said.
"It's basically a question of ramping up the commercial
traction to bring us to profitability," he told Reuters.
AT THE CORE OF TECH STRATEGIES
IQM, which sells quantum computers and cloud computing time,
roughly doubled its sales to around $35 million last year and
said it had bookings worth more than $100 million at the end of
the year.
"What we also yet haven't fully tapped into is the whole
field of private data centres," Goetz said, referring to
hardware sales.
"Quantum is at the core of the tech strategies of nations
around the world," he added.
AI and quantum approach problem solving in fundamentally
different ways, Tony Kim, head of the global technology team
within the Fundamental Equities division of BlackRock's ( BLK )
Portfolio Management Group, said in a separate video post.
"AI reasons from data. Quantum reasons from physics.
Together though, they could reshape what is computationally
possible," Kim said.
($1 = 0.8675 euros)